Stay updated with breaking news from Five Minute Settlement. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Red tape, costs and logistical hurdles for large-scale battery storage and hybrid systems to participate in Australia’s National Electricity Market (NEM) will be cut under new Australian Energy Market Commission (AEMC) rules.
Gentrack makes use of Amazon Web Services’ cloud services to meet the digital demands of the utilities sector. The cloud services are said to yield re...
7 May 2021 In our latest Australian Electricity Outlook (AEO) for the National Electricity Market (NEM), published on Thursday, we present our expectations for LGC and wholesale electricity price development in each region of the NEM over both medium-term (four years) and long-term horizons (20 years). Modelling considers a Central Case for electricity price development in line with RepuTex’s view of the current transition of the energy industry and market drivers, along with an Alternative Case reflecting AEMO’s “Step Change” shift to renewable energy, accounting for faster coal clo...
3 May 2021 New analysis suggests that a flood of new wind and solar projects will drive electricity prices lower, and higher gas prices will mean the fossil fuel will play a minimal role in the future energy system. A new analysis published by analyst firm Reputex on Monday estimates that around 7GW of new wind and solar projects will be commissioned in Australia’s main grid within the next two years, with a pipeline of more than 60GW of new projects out to 2040. The majority of this new capacity will be focused in New South Wales and Victoria and will come as around 13GW of black coal powe...